ESG Spotlight: Can SME commercial insurers drive profitable growth with ESG data?

ESG continues to act as a catalyst for change across business operations and culture, with its reach having extended to the UK SME sector.

In May this year, Insurance Post, in conjunction with solutions provider CRIF, carried out an ESG survey with commercial insurers to get the inside track on how ESG data is being used to drive growth, further sustainability and protect their reputation or improve compliance. The findings suggest there are untapped opportunities for insurers to exploit.

Today, new SME ESG data and insights, going far beyond the traditional environmental information, are easily accessible; requiring only the company registration or VAT number to gain an ESG score and granular ESG indicators, with no engagement necessary from the SME.

In this spotlight, Sara Costantini, regional director, UK and Ireland at CRIF sheds light on what this means for SME commercial insurers and whether they can use ESG data to better assess risks and create a competitive advantage.